UK: Former Next Sourcing executives move to M&S
UK retailer Marks & Spencer has appointed former Next executives Mark and Neal Lindsey as sourcing directors for general merchandise, as it works to stabilise its clothing business.
The two brothers, who will have specific responsibility for clothing and footwear, previously oversaw the growth of Next Sourcing Ltd.
"We're delighted to confirm that Mark and Neal Lindsey will be joining the general merchandise team on Monday (3 March) and look forward to working with them," a spokesperson told just-style today.
While the move means sourcing director Krishan Hundal will no longer have oversight of sourcing, he will be responsible for quality, packaging, technology, and ethics, the spokesperson added.
This is the second time this year M&S has lured executives from Next. In January, Paula Bonham-Carter was named head of buying for women's wear, while Laura Charles was appointed as head of buying for lingerie.
M&S has been working to turn around its clothing business for some time. In January, the retailer reported its tenth consecutive quarterly decline in general merchandise sales, despite seeing what CEO Mark Bolland described as early signs of improvement in its women's wear business.
Belgian lingerie business Van de Velde remains upbeat in its outlook, despite reporting a 37.7% decline in annual net profit, primarily due to impairment charges at its Intimacy brand....
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